Status of initiative: N/a
Description/achievement of initiative

The main purpose of the Facility is to transfer technologies from providers to recipient SIDS with support from UNOSSC's South-South Global Assets and Technology Exchange (SS-GATE) platform. Such technologies range across various areas as sustainable agriculture, infrastructure, global health, dairy and agro-food processing, water management, and renewable energy. Furthermore, technology providers and financial investors from the South and from traditional Northern donors will be matched with the relevant business communities in SIDS. The Facility will also actively promote the use of the technologies across SIDS through organizing networking meetings and workshops to inform partners and representatives from SIDS about the initiative, available technologies, and success stories, while also identifying and nurturing innovative business ideas in the SIDS through strategic training and partnerships.

Implementation methodologies

Both UNOSSC and OHRLLS will be fully committed to ensure the appropriate and timely implementation of the South-South Technology Transfer Facility for SIDS.

Arrangements for Capacity-Building and Technology Transfer

As mentioned in the Description section above, the core functionality of the South-South Technology Transfer Facility for SIDS is the transfer of technologies between SIDS members, as well as via South-South, North-South and triangular cooperation, with the sole purpose of benefiting SIDS countries.Capacity development in value-addition services such as consulting, training, legal advice and access to financing; Also, identify and nurture innovative business ideas through training.

Coordination mechanisms/governance structure

UNOSSC and UN-OHRLLS will provide oversight and coordination for the South-South Technology Transfer Facility for SIDS, while SS-GATE will be designated as the implementing entity.

Partner(s)

United Nations Office for South-South Cooperation (UNOSSC) United Nations Office of the High Representative for Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (UN-OHRLLS) SIDS Group
Deliverables
2014-2017
The South-South Investment Fund for SIDS is envisioned as a social impact investment fund fostering sustainable growth in SIDS. It has the structure of a traditional venture capital/private equity fund and invest in projects/SMEs in SIDS. The investment will start from promising SS-GATE transactions as pilot projects. The fund will provide much-needed capital to enable local economic growth as well as assess to modern business management skills and enable local capacity building.
2014-2017
SS-GATE Country Centres created within SIDS that address local investment needs while also supporting the global SS-GATE platform, where 48 country centres currently operate in 45 countries. Although countries with a strong SS-GATE presence are initially targeted, the aim is to eventually have active country centres in all SIDS Member States. SS-GATE country centres are local affiliates and independent organizations that represent the interests of their countries and collaborate with SS-GATE to source projects and help organize conferences.
2014-2017
Pilot Programme constructed after the SIDS Conference concludes where a platform for the South-South and triangular transfer of viable, sector-specific technologies is aimed at developing and/or strengthening capacities and production in LDCs. Rolled-out in two stages over a three year period, it is proposed that the Facility develops a South-South and triangular cooperation technology transfer plan for SIDS based on their respective medium-term (3-5 years) national investment plans and sector specific strategies and priorities.
Resources devoted to implementation
Financing (in USD)
5,800,000 USD
Staff / Technical expertise
To be determined.
In-kind contribution
To be determined.
Progress reports
Cut off date each year: 1 July
SMART
This initiative fulfils the SMART criteria.
PRIORITY AREASS
SDGs
Information
Location:
Date of completion: 2018
Operating in countries
Contact information/focal point(s)
Jason Goldstein, jason.goldstein@undp.org

Documents
#SIDSAction7726
Copyright 2016 United Nations Department of Economic and Social Affairs